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Why You May Be Stuck Holding the Bill for the Largest Taxpayer Rip Off

The health care industry is getting money out of our pockets because their friends in Congress have made sure the money flows from us to them.

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For this reason, most of the industry is united against any sort of serious public plan. Their latest compromise is a system of small cooperative insurers that will have no bargaining power. That's a cute joke, but it has nothing to do with health care reform.

So, keep hold of your scorecard. Unless Congress creates a serious public plan, you can expect to be hit with the largest tax increase in the history of the world -- all of it going into the pockets of the health care industry.

 

Dean Baker is co-director of the Center for Economic and Policy Research.

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